Tuesday, 13 October 2015

TCS stock flat ahead of Q2 results

The company is scheduled to announce its September quarter earnings today.


Tata Consultancy Services
Shares of TCS are trading marginally lower at Rs. 2,584 on BSE today. The company is scheduled to announce its September quarter earnings today.

As per IIFL estimates, sales for TCS is expected to grow by 15.7% YoY and 7.4% QoQ to Rs. 27,560 crore. A strong and sizeable digital business and sustained impressive client mining will drive growth. Profit after Tax (PAT) is estimated at Rs. 6439 crore, surging 21% yoy and 12.1% qoq.

The scrip opened at Rs. 2605 and has touched a high and low of Rs. 2612.45 and Rs. 2568.05 respectively. So far 1457274(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 507773.39 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2810 on 04-Mar-2015 and a 52 week low of Rs. 2348.25 on 16-Dec-2014. Last one week high and low of the scrip stood at Rs. 2725.4 and Rs. 2585.3 respectively.

The promoters holding in the company stood at 73.86 % while Institutions and Non-Institutions held 21.67 % and 4.47 % respectively.

The stock is currently trading above its 50 DMA.

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